Description
VALUE ADD 702 N. 20th Ave. currently consists of 5 units. It must be noted that there is a violation for work being conducted without a permit. As a result, the property must be converted back to a 4 Plex. The current configuration contains 2 studio apartments, 2 one-bedroom apartments, and one two-bedroom one bath apartment. Once converted the property will contain (1/1)’s + (0/1) + (2/1) + (2/2) for a total of 4 units. It is significant to note that the rents are under market value. MUST BE PURCHASED CASH. There are no liens assessed to the property. Code enforcement will allow the sale to take place and provide ample time for the purchaser to cure the violation. Property provides a 6.5% cap rate based on market rents.
Location
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Courtesy of: Media Realty © 2022 Greater Fort Lauderdale REALTORS®. All rights reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of the Fort Lauderdale Association of Realtors, Inc (RETS). Real estate listings held by brokerage firms other than Greater Fort Lauderdale are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker. Updated: 26th June, 2022 6:20 AM (UTC)
